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April 24, 2018

Single Mothers Advice to Reducing Monthly Costs.

Not having money is usual for many people. Resulting from careless buying of stuff. Budgeting difficult especially for single guardians.

In order to monitor spending it is advisable to calculate a person hourly paycheck. This involves finding out the exact amount a person earns in a day or an hour and match that with the expenses. The majority has an income deficit. In order to avoid being broke it’s important to cut down expense. Some of the guidelines to help cut down expenses are.

Writing down and numbering the things you use money on. Most people simply do not know where their money goes. Imagine having a kid and you cannot keep track of your own expenses. Shopping with your child can lead to problems. Most kid do not understand the difference between a want and a need. If the parent is not careful he/she will end buying unnecessary things just because the kid ask. To ensure you monitor your expenses. Develop a list all your expenses group them in order of the most important such as food to least important. Parent are counseled to teach children to budget. Make sure they understand that only the items on the list will be purchased.

Always eat before going shopping. This will ensure they do not keep asking for snacks. Take advantage of free stuff . As a single parent find out free things being offered and take advantage. Newspapers and magazines may offer comic books your child for free. Loyalty points and discounts are other incentives for buying that as single mom you should consider. This may seem insignificant at first but in the long run the impact is high.

Avoid wastages. Majority of the people waste resources. Children tends to be more careless when using resources. Both adults and kids will leave the light on during the day or leave tap water running. This usually leads to have a high water or electricity bill. By efficient utilization of resources we can reduce the cost of utilities. Train yourself and your child to ensure that utilities are turn off when not in use.

Raising children is rewarding but it require patience and effort. The challenge is even harder for single parents. All parents’ main responsibility is to give their children the basic needs which includes food, education, shelter and clothing. Planning your expenses is a tool to help you make raising you kid simple and fulfilling.